Technicals Point Towards Bitcoin Surge To $10K Despite Some Roadblocks

Bitcoin extended its rise above the $9,600 resistance level against the US Dollar. BTC is currently correcting gains, but it is likely to continue higher as long as it is above $9,500. Bitcoin traded further higher above $9,600 and formed a new weekly high at $9,676. The price is currently correcting lower below $9,600, but it is well above the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $9,510 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…

CoinMarketCap Says Listing BNB as No.1 DeFi Token Was ‘Human Error’

CoinMarketCap listed its parent company’s token Binance Coin at the top of its new DeFi list — and then quickly withdrew it following a barrage of criticism. First noticed by podcaster and Twitter user Yannick Eckl (@cryptonator1337), BNB was ranked higher than other well known decentralized finance tokens such as Maker (MKR), Compound (COMP), and Aave (LEND).  Apparently @CoinMarketCap has a #DeFi project ranking now. Guess what is on #1? Right, $BNB! What a coincidence. At this point, everybody has to realize how shameless #Binance is acting pic.twitter.com/GMFBcRRLhO — CR1337…

Indian PM Backs Blockchain as ‘Frontier Technology’

The Prime Minister of India, Narendra Modi, has endorsed blockchain as an ‘opportunity in frontier technology’, renewing hopes that the country is warming to cryptocurrencies. In a keynote address at the India Ideas Summit, hosted by the US-India Business Council on Wednesday, India’s Prime Minister Narendra Modi pitched the country as a haven for multinational investors.  Big Opportunities in Blockchain  Part of the speech included an endorsement for blockchain as an investment opportunity among these ‘frontier technologies’. “Opportunities in technology also include opportunities in the frontier technologies of 5G, Big…

DC Comics Artist Launches VR Exhibition in Decentraland

José Delbo, a comic book artist who has drawn for both DC and Marvel, kicks off a week-long exhibition today (July 23) in the Ethereum-based virtual reality world, Decentraland. The artist, who started his career at the age of 16, is known for drawing Wonder Woman for DC Comics and Transformers for Marvel. He is releasing a number of digital images in the VR world for viewing and sale at the in-game MakersPlace gallery, with proof of ownership recorded using blockchain technology. Artist José Delbo with Batman. Source: Decentraland Cointelegraph…

South Korean Police Investigate Who Leaked the Crypto Tax Bill

The South Korean police have launched an investigation into the source of leaked information about the government’s new crypto tax legal amendments. Social media users and private blogs had revealed details of the changes before it was made official this week. According to the Kyunghyang Shinmun, the first article featuring leaked information was published in a state-themed site, which rapidly spread across the crypto communities, and was picked up by other media outlets. The Metropolitan Investigation Team of the Sejong District Police is leading the search into who leaked the…

Australian TV Ratings Knocked Out in Ransomware Surge

Leading market research and data analytics firm Nielsen has been unable to provide overnight ratings this week for Australian TV viewers as a result of a ransomware attack. The TV ratings were not available on Tuesday and Wednesday night, and local TV blog TV Tonight reports industry sources as saying the overnight ratings may not be available again until early next week. Nielsen said viewing data is still being collected and will be published once the attack is resolved. “We will be sure to keep the industry informed as new…

What’s Behind Maker’s Showstopping 48-Hour, Almost 40% Rally?

Decentralized finance tokens all over the crypto market are soaring. First, it was Compound stealing the limelight with yield farming, then recently, it was Aave (LEND) with a shocking 300% surge. Now it appear’s to be Maker’s turn. Is this massive rally in Maker really due to DeFi continuing to defy all odds, or is something else at play? And what do technical indicators potentially say about the altcoin asset? Make Way For Maker’s Nearly 40% Surge in 48 Hours Over the last 48 hours, the crypto asset known as…

Greatest Chess Player of All Time Backs Bitcoin

Garry Kasparov, the Russian chessmaster who faced off against IBM’s “Deep Blue” supercomputer, says Bitcoin, crypto and blockchain technologies, are the solution to the demand for privacy in financial markets. In a July 23 interview with Forbes contributor Roger Huang, Kasparov said he saw many upsides to cryptocurrencies. According to him, they give individuals more control over their money, which is usually regulated “either by the state, corporations or outside parties.” “The good thing about Bitcoin is that you know exactly the number — the magic number of 21 million,”…

$500K Bitcoin Paid to Arrange Ex-Nissan CEO’s Escape From Japan

Carlos Ghosn — the ex-Nissan head who made a dramatic escape from house arrest in Japan in December — paid the extraction team half a million dollars worth of crypto. According to U.S. prosecutors in a court filing, Ghosn’s son arranged for a payment to Peter Taylor — one of the two men who assisted the ex-Nissan chairman in fleeing Japan — of $500,000 in Bitcoin (BTC) through the U.S.-based crypto exchange Coinbase. Taylor and his father, ex-Green Beret Michael Taylor, smuggled Ghosn out of Japan in a musical instrument…

These 3 Factors Suggest Bitcoin’s Uptrend is Just Getting Started

Bitcoin saw a notable upswing yesterday that allowed it to put some serious distance between its current price and its recent low. The benchmark cryptocurrency is starting to show signs of breaking its bout of incredibly low volatility. However, it has yet to shatter the upper boundary of its macro trading range, which sits at $10,000. Analysts are noting that there are a plethora of factors currently counting in BTC’s favor, including a MACD bull cross, its break above a multi-week trading range, and some positive signs on its lower…